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Government to support development of next-generation nuclear technology

Thursday December 7th, 2017

The government announced today significant support to help exploit the potential for the UK to become a world-leader in developing the next generation of nuclear technologies (December 7th).Government Opportunities

A core objective of the government’s Industrial Strategy is to ensure the UK is developing the technologies of the future and preparing to seize the opportunities they bring and build on its strengths.

The government is announcing today that funding is being made available over the next 3 years to help support research and development into innovative advanced and small modular reactors as well as assess their feasibility and accelerate the development of promising designs.

The government will also be supporting early access to regulators to build the capability and capacity needed to assess and licence small reactor designs and will establish an expert finance group to advise how small reactor projects could raise private investment in the UK.

In addition, the government plans to shortly launch the second phase of its Nuclear Innovation Programme, including up to £8 million for work on modern safety and security methodologies and studies in advanced fuels.

These announcements demonstrate the government’s commitment to the nuclear innovations of the future, which build on the UK’s considerable strength in the sector and its continued partnership working with the sector, including ongoing advanced discussions toward a nuclear sector deal.

Business Secretary Greg Clark MP said:

“New industry figures show that the UK’s civil nuclear sector contributed £6.4 billion to the UK economy last year. Today’s announcements recognise the importance of industry driving innovation, supported by government, so the sector continues to compete at the very highest level, not just in the UK but globally.

Helping to put the UK at the forefront of future technologies which have the potential to create value and jobs across the whole UK are core objectives of our Industrial Strategy.”

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